Tsim Sha Tsui Retained Its Position as the World’s Fourth Most Expensive Shopping Street
- Written by Telegraph Magazine
- In the 35th edition of Cushman & Wakefield's Main Streets Across The World report, Hong Kong's Tsim Sha Tsui maintains its global ranking position as the world's 4th most expensive retail street; whilst the area continued to top the APAC ranking as region's the most expensive retail destination
- Rents on New Bond Street ($2,231 per square foot per year) have leapfrogged Milan's Via Montenapoleone and New York's Upper Fifth Avenue to top the global rankings
- 58% of tracked retail streets saw rent increases, reflecting demand for space far exceeding availability
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